Heterogeneous Impact of Oil Prices Shocks on Exchange Rates in Oil Exporting Countries: Evidence of Quantiles-On -Quantiles Approach.

Heterogeneous Impact of Oil Prices Shocks on Exchange Rates in Oil Exporting Countries: Evidence of Quantiles-On -Quantiles Approach. | Research Square window.SnipcartSettings = { analytics: { enabled: false } }; (function() { var accessVector = localStorage.getItem('access_vector') || ''; window.dataLayer = window.dataLayer || []; if (accessVector) { window.dataLayer.push({ user: { profile: { profileInfo: { snid: accessVector } } } }); } })(); (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-K279D39R'); Browse Preprints In Review Journals COVID-19 Preprints AJE Video Bytes Research Tools Research Promotion AJE Professional Editing AJE Rubriq About Preprint Platform In Review Editorial Policies Our Team Advisory Board Help Center Sign In Submit a Preprint Cite Share Download PDF Research Article Heterogeneous Impact of Oil Prices Shocks on Exchange Rates in Oil Exporting Countries: Evidence of Quantiles-On -Quantiles Approach. ATEBA Joseph, EWONDO Dieudonne, ABEGA Daniel Armando This is a preprint; it has not been peer reviewed by a journal. https://doi.org/ 10.21203/rs.3.rs-4172708/v1 This work is licensed under a CC BY 4.0 License Status: Posted Version 1 posted You are reading this latest preprint version Abstract In this study, the researchers used the exchange rates returns of both low incomes, emerging and developed majors’ oil exporting countries, and decomposed oil price shocks to study the heterogeneity of the intrinsic dynamic between the two variables in these countries, using the quantile-on-quantile analysis. The findings revealed that, there are important variability of the shocks impacts across the quantile distribution of both exchange rates returns and the different oil price shocks. More precisely, the study revealed the heterogeneity of the different oil shocks impacts (oil aggregate demand, oil supply and oil specific demand shocks) on the exchange rates return of a given country, with the shape of the QQR graphs being different according to the source of shock and the magnitude of oil demand and oil specific demand shocks being more significant than that of oil supply shocks in many of the cases. In the same way, the analysis results also indicate that the dynamic between oil price shocks and exchange rate is heterogeneous across the countries, with the impact of the shocks being more significant in developing countries than it is in developed countries. As well the behavior of the exchange rates returns at extreme values is different from one country to another. From this insight, the researchers recommend an economy diversification mainly for oil developing countries, and country-specific economy policies to mitigate the incidence of oil shocks, as the impact differs from one country to another. International Economics Exchange Rates Oil Prices Quantile-on-Quantile Oil Exporting Countries Full Text Additional Declarations The authors declare no competing interests. Cite Share Download PDF Status: Posted Version 1 posted You are reading this latest preprint version Research Square lets you share your work early, gain feedback from the community, and start making changes to your manuscript prior to peer review in a journal. As a division of Research Square Company, we’re committed to making research communication faster, fairer, and more useful. We do this by developing innovative software and high quality services for the global research community. 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Also discoverable on Platform About Our Team In Review Editorial Policies Advisory Board Help Center Resources Author Services Accessibility API Access RSS feed Manage Cookie Preferences © Research Square 2026 | ISSN 2693-5015 (online) Privacy Policy Terms of Service Do Not Sell My Personal Information {"props":{"pageProps":{"initialData":{"identity":"rs-4172708","acceptedTermsAndConditions":true,"allowDirectSubmit":true,"archivedVersions":[],"articleType":"Research Article","associatedPublications":[],"authors":[{"id":284298923,"identity":"e0951308-a123-4fb5-8985-322fc7f35891","order_by":0,"name":"ATEBA Joseph","email":"data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAZAAAAAyAQMAAABI0h/eAAAABlBMVEX///8AAABVwtN+AAAACXBIWXMAAA7EAAAOxAGVKw4bAAAA5ElEQVRIiWNgGAWjYBACxgYGBmYGhv928uxAFoOBBTFamEFamJMNew6AtEgQYw9EC2PDjQQQjwgtzO3nDz4uqGFjZpz5/OqGHwUSDPzt3Qn4HdaTzGw84xgPH7t0TtnNHqDDJM6c3UDAL8ls0jxsEsyMs3PSbvAAtRhI5BLQ0v+Y/TfPPwPGhptn0m7+IUrLjGQ2Zt62BKD32Y/dJs6WGY+NpWf2HQAGcg7bbRkDCR6CfjHsT3z4ueDbAWBUHn92880fGzn+9l4CWhrgTB4DMIlXOQjII5jsDwiqHgWjYBSMgpEJALDnRa1YcpJdAAAAAElFTkSuQmCC","orcid":"https://orcid.org/0009-0002-9249-2622","institution":"Zhejiang Gongshang University","correspondingAuthor":true,"prefix":"","firstName":"ATEBA","middleName":"","lastName":"Joseph","suffix":""},{"id":284298924,"identity":"54c5da7c-4b80-457f-9a1b-697b5e04105c","order_by":1,"name":"EWONDO Dieudonne","email":"","orcid":"https://orcid.org/0009-0008-9865-5596","institution":"Maroua University","correspondingAuthor":false,"prefix":"","firstName":"EWONDO","middleName":"","lastName":"Dieudonne","suffix":""},{"id":284298925,"identity":"56e0b949-3946-4cc3-85e4-5f463bd47262","order_by":2,"name":"ABEGA Daniel Armando","email":"","orcid":"https://orcid.org/0009-0005-5646-9443","institution":"University of Yaoundé 2","correspondingAuthor":false,"prefix":"","firstName":"ABEGA","middleName":"Daniel","lastName":"Armando","suffix":""}],"badges":[],"createdAt":"2024-03-27 01:07:58","currentVersionCode":1,"declarations":{"humanSubjects":false,"vertebrateSubjects":false,"conflictsOfInterestStatement":false,"humanSubjectEthicalGuidelines":false,"humanSubjectConsent":false,"humanSubjectClinicalTrial":false,"humanSubjectCaseReport":false,"vertebrateSubjectEthicalGuidelines":false},"doi":"10.21203/rs.3.rs-4172708/v1","doiUrl":"https://doi.org/10.21203/rs.3.rs-4172708/v1","draftVersion":[],"editorialEvents":[],"editorialNote":"","failedWorkflow":false,"files":[{"id":53636584,"identity":"90983f46-d44e-4978-8647-750fe8541148","added_by":"auto","created_at":"2024-03-28 11:04:33","extension":"pdf","order_by":1,"title":"","display":"","copyAsset":false,"role":"manuscript-pdf","size":1471787,"visible":true,"origin":"","legend":"","description":"","filename":"HeterogeneousImpactofOilPricesShocksonExchangeRatesinOilExportingCountries.pdf","url":"https://assets-eu.researchsquare.com/files/rs-4172708/v1_covered_5ac57a5a-ffa9-4a11-9017-bbaf82e17a5f.pdf"}],"financialInterests":"The authors declare no competing interests.","formattedTitle":"\u003cp\u003e\u003cstrong\u003eHeterogeneous Impact of Oil Prices Shocks on Exchange Rates in Oil Exporting Countries: Evidence of Quantiles-On -Quantiles Approach.\u003c/strong\u003e\u003c/p\u003e","fulltext":[],"fulltextSource":"","fullText":"","funders":[],"hasAdminPriorityOnWorkflow":false,"hasManuscriptDocX":false,"hasOptedInToPreprint":true,"hasPassedJournalQc":"","hasAnyPriority":true,"hideJournal":true,"highlight":"","institution":"","isAcceptedByJournal":false,"isAuthorSuppliedPdf":true,"isDeskRejected":"","isHiddenFromSearch":false,"isInQc":false,"isInWorkflow":false,"isPdf":true,"isPdfUpToDate":true,"isWithdrawnOrRetracted":false,"journal":{"display":true,"email":"[email protected]","identity":"researchsquare","isNatureJournal":false,"hasQc":true,"allowDirectSubmit":true,"externalIdentity":"","sideBox":"","snPcode":"","submissionUrl":"/submission","title":"Research Square","twitterHandle":"researchsquare","acdcEnabled":true,"dfaEnabled":false,"editorialSystem":"","reportingPortfolio":"","inReviewEnabled":false,"inReviewRevisionsEnabled":true},"keywords":"Exchange Rates, Oil Prices, Quantile-on-Quantile, Oil Exporting Countries","lastPublishedDoi":"10.21203/rs.3.rs-4172708/v1","lastPublishedDoiUrl":"https://doi.org/10.21203/rs.3.rs-4172708/v1","license":{"name":"CC BY 4.0","url":"https://creativecommons.org/licenses/by/4.0/"},"manuscriptAbstract":"\u003cp\u003eIn this study, the researchers used the exchange rates returns of both low incomes, emerging and developed majors\u0026rsquo; oil exporting countries, and decomposed oil price shocks to study the heterogeneity of the intrinsic dynamic between the two variables in these countries, using the quantile-on-quantile analysis. 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